| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Cavalry Bancorp, Inc. |
| 114 West College Street, Murfreesboro, TN 37130 * (615) 893-1234 |
| The company is a savings and loan holding company that operates the Cavalry Banking, A Federal Savings Bank. |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| NASNTL: | CAVB | Financial: | SIC 6035 | |
| Type of Shares: | Common Shares | Filing Date: | 11/12/97 | |
| U.S. Shares: | 7,538,000 | Offer Date: | 3/17/98 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 7,538,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $75,380,000 | Selling: | $0.00 | |
| Expenses: | $650,000 | Reallowance: | $0.00 | |
| Post-IPO Shares: | - | |||
| Employees: | 132 |
| Issuer's Law Firm: | Breyer & Aguggia |
| Bank's Law Firm: | Peabody & Brown |
| Auditor: | Rayburn, Betts & Bates, P.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $19.58 | $16.16 | $14.38 | Assets: | $275.93 |
| Net Income: | $2.81 | $2.26 | $1.84 | Curr Assets: | |
| EPS: | Liabilities: | $246.42 | |||
| Prior EPS: | Curr Liab: | $241.95 | |||
| Cash Flow/Oper: | $2.60 | $4.00 | $4.29 | Equity: | $29.50 |
| Cash Flow/Fin: | $17.64 | $28.21 | $13.27 | Cash: | $26.69 |
| Cash Flow/Inv: | -$14.66 | -$25.04 | |||
| Competition |
| The Bank has faced, and will continue to face, intense competition both in making loans and attracting deposits. The Bank's primary market area of Rutherford and Bedford Counties has a high density of financial institutions, many of which are branches of large Southeastern bank holding companies which have greater financial resources than the Bank and all of which compete with the Bank in varying degrees. Competition for loans principally comes from commercial banks, thrift institutions, credit unions, mortgage banking companies and insurance companies. Historically, commercial banks, thrift institutions and credit unions have been the Bank's most direct competition for deposits. The Bank also competes with short-term money market funds and with other financial institutions, such as brokerage firms and insurance companies, for deposits. In competing for loans, the Bank may be forced to offer lower loan interest rates periodically. Conversely, in competing for deposits, the Bank may be forced to offer higher deposit interest rates periodically. Either case or both cases could adversely affect net interest income. |
| Business Plan |
| The Bank is a community-oriented financial institution whose primary business is attracting deposits from the general public and using those funds to originate a variety of loans to individuals residing within its primary market area, and to businesses owned and operated by such individuals. The Bank believes that its operations more closely resemble those of a traditional commercial bank than a traditional thrift institution. The Bank originates, in order of magnitude, one-to-four family mortgage loans, construction loans, commercial real estate loans, consumer loans, commercial business loans, and land A&D; loans. In addition, the Bank invests in U.S. Government and federal agency obligations. The Bank intends to continue to fund its assets primarily with retail deposits, although FHLB-Cincinnati advances may be used as a supplemental source of funds. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |
| Officer Name | Title | Age |
| William H. Huddleston, III | Chairman of the Board | 68 |
| Ronald F. Knight | Director, Executive Vice President and Chief Operating Officer | 47 |
| Ed C. Loughry, Jr. | Director, President and Chief Executive Officer | 55 |
| R. Dale Floud | Senior Vice President | 47 |
| Hillard C. "Bud" Gardner | Senior Vice President and Chief Financial Officer | 49 |
| David W. Hopper | Senior Vice President and Trust Officer | 54 |
| William S. Jones | Senior Vice President and Trust Officer/Investor Relations | 37 |
| Gary Brown | Vice Chairman of the Board | 55 |
| M. Glenn Layne | Vice President | 43 |
| Joy B. Jobe | Vice President | 53 |